Canada Mining News

Fort McMurray wildfires eat into Imperial Oil earnings

Imperial, Canada’s No.2 integrated oil producer and refiner, posted a surprise $181-million loss in its second quarter.

Canada invests $133 million in Tata Steel Quebec-Labrador iron ore project

Deal comes at a time of improved steel demand from China and mimics an effort by the UK government to rescue Tata Steel's Port Talbot operations to save jobs.

Suncor burned by wildfire damages and slump in oil production

The largest crude oil producer in Canada announced net losses of C$735 million after Alberta wildfires near Fort McMurray forced its oils sands operations to be temporarily suspended back in May.

Teck delivers surprise profit, stock surges

Systematic cost cutting has taken some strain off Teck's balance sheet over the last few years as metal prices have slumped.

HP, Glencore, Syncrude linked to human right abuses from climate change

Companies responsible for the majority of fossil fuel products that have been manufactured, marketed, and sold since the industrial revolution and have contributed the lion’s share of cumulative global emissions of industrial CO2 and methane, have been ordered to respond to a legal petition that triggered the first-ever national human rights investigation concerning climate change.

Barrick in talks with South African miners to sell stake in Acacia — report

The potential sale of its its 64% interest in Acacia would be part of Barrick's broader strategy of selling non-core assets to reduce debt.

Caterpillar further cuts profit, sales forecast

CAT said commodity prices remain on the low end and had yet to translate into increased mining activity or higher demand for equipment.

Canada’s diamond staking rush favours early entrants

It’s the glittering lure of a possible multi-billion dollar diamond discovery that’s lighting up northern Saskatchewan.

China snaps up $4.5bn worth of overseas mining assets in just six months

Most of them have been after existing operations and companies, rather than trying to build mines from scratch.

Husky Energy's progress from downturn clouded by spill into Saskatchewan river

Canada’s No. 3 integrated oil company, reported a smaller-than-expected quarterly loss as the focus on fewer, more efficient resource plays helped reduce production costs.

Did oil kill the dinosaurs?

What killed the dinosaurs? It's a question as old as – well the dinosaurs themselves, and one that everyone from school children to scientists have been asking for decades.

Dominion Diamond stock apathetic amid significant production ramp

This was supposed to be a key year for Dominion, especially with the commencement of mining at the company’s rich Misery Main pipe at its Ekati mine.

Enbridge to pay $61 million fine for 2010 oil spills in Michigan, Illinois

$177 million settlement announced Wednesday requires action to prevent future spills.

Pretium's gold mine in Canada ramping up to hire

The British Columbia-based firm expects to hire approximately 500 full-time employees in the near future.

This Canadian miner went from zero to a $4bn company in eight years

Since it was formed in 2007, B2Gold has built two new gold mines and bought two others.

Canadians spent over $32bn in mining acquisitions in first half of 2016

Overall, Canadian deal-making in the first half of the year fell in line with the global cooling down trend that has followed the record valuations of 2015.

Oil sands activist appointed to climate change advisory board in Alberta

The NDP government in Alberta has appointed a well-known climate change activist and anti-oil sands campaigner to co-chair an advisory board on climate change.

Chinese eye Atlantic Canada’s lithium project

Lithium prices have soared in the past year, and demand is set to outstrip supply by 2023.

China signs long-delayed potash deal with Belarus at 30 pct less than last year’s price

Analysts see the long-awaited deal to sell potash to Chinese buyers as good news for the beleaguered sector, even though the agreed price is dramatically lower than last year’s.

Peregrine Diamonds to focus on $95 million all-weather road before moving ahead with Nunavut mine

The Chidliak mine, in Canada’s Nunavut, is expected to produce around 12 million carats during its 10-year lifespan.

Weak potash prices force Mosaic to idle Colonsay mine, hundreds laid off

The company has set Jan. 3 as the restart date for the mine, but that may change based on market conditions.

INFOGRAPHIC: The volatile history of crude oil markets

The infographic serves as the perfect primer for all the questions about oil that you had, yet were afraid to ask.

Garibaldi launches exploration program at King Gold-Silver project in Golden Triangle

The project, close to Seabridge Gold's Iskut venture, covers several gold, silver and base metal prospects that were discovered in the late 1980's near the historic Snip mine.

The making of an Athabasca rockstar

James Sykes disregarded management directive and kept the drill going. He had already waited a year to finally drill ‘Area C’, and had just cleared the overburden before the call came down to pack up and head back south.

Arizona court hands key legal victory to Hudbay’s Rosemont copper project

Air quality control permit yanked last year has been reinstated.